Forget the '1%:' Super-rich 0.1% pull ahead even more

Mar. 31, 2014
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FILE - OCTOBER 8: The Federal Reserve has debuted the new U.S. 100 dollar bill that comes withe new security measures. WASHINGTON, DC - MAY 20: Newly redesigned $100 notes lay in stacks at the Bureau of Engraving and Printing on May 20, 2013 in Washington, DC. The one hundred dollar bills will be released this fall and has new security features, such as a duplicating portrait of Benjamin Franklin and microprinting added to make the bill more difficult to counterfeit. (Photo by Mark Wilson/Getty Images) ORG XMIT: 169242017 ORIG FILE ID: 169117083 / Mark Wilson Getty Images

by Matt Krantz, USA TODAY

by Matt Krantz, USA TODAY

The "top 1%" might be the primary target of the masses' ire and envy, but it's actually the top 0.1% who are grabbing a bigger slice of wealth.

The average household in the top 1% pulled in earnings of $1,264,065 in 2012, according to a just-released analysis by investment firm Sadoff Investment Research. That's 41 times greater than the $30,997 average income of Americans.

But even the top 1% can't keep up with the top 0.1%, which posted average earnings of $6,373,782, or 206 times the average families' income, Sadoff found.

Nearly a quarter of these uber-weathy work in the financial industry. And 40% are executives, managers and supervisors, Sadoff says. A vast majority of the 0.1% live in New York, Los Angeles, San Francisco, Chicago, Washington D.C. or Houston.